Hillman Solutions (NASDAQ:HLMN) Upgraded to "Buy" at Wall Street Zen

Key Points

• Hillman Solutions has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting a positive shift in analyst sentiment.
• The company reported quarterly earnings of $0.17 per share, surpassing analysts' expectations and achieving a year-over-year revenue increase of 6.2% to $402.8 million.
• Despite the upgrade, Hillman Solutions' stock has seen a slight decline of 1.1%, trading at $9.83, with an average price target of $11.42 from analysts.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

Several other research analysts have also recently issued reports on HLMN. Raymond James Financial set a $10.00 target price on Hillman Solutions and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Baird R W cut Hillman Solutions from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Stifel Nicolaus began coverage on Hillman Solutions in a research report on Monday, July 14th. They set a "buy" rating and a $9.50 target price on the stock. Robert W. Baird cut their price objective on Hillman Solutions from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, Canaccord Genuity Group boosted their price objective on Hillman Solutions from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.42.

Hillman Solutions Trading Down 3.1%

Shares of HLMN stock traded down $0.33 during mid-day trading on Monday, reaching $10.03. 430,594 shares of the stock traded hands, compared to its average volume of 1,455,650. The stock's fifty day simple moving average is $7.84 and its two-hundred day simple moving average is $8.36. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $12.08. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 91.14 and a beta of 1.66. The company has a quick ratio of 0.72, a current ratio of 2.28 and a debt-to-equity ratio of 0.57.

Hillman Solutions (NASDAQ:HLMN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $402.80 million during the quarter, compared to the consensus estimate of $389.45 million. Hillman Solutions had a return on equity of 8.86% and a net margin of 1.44%. The company's quarterly revenue was up 6.2% on a year-over-year basis. On average, research analysts anticipate that Hillman Solutions will post 0.58 EPS for the current fiscal year.

Insider Transactions at Hillman Solutions

In other Hillman Solutions news, insider Aaron Jerrod Parker sold 4,532 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $9.86, for a total value of $44,685.52. Following the completion of the sale, the insider owned 56,618 shares in the company, valued at approximately $558,253.48. This trade represents a 7.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hillman Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its stake in shares of Hillman Solutions by 240.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,042,490 shares of the company's stock valued at $53,114,000 after purchasing an additional 4,267,364 shares during the period. Nuveen LLC bought a new stake in shares of Hillman Solutions in the 1st quarter worth $29,335,000. American Century Companies Inc. grew its holdings in Hillman Solutions by 65.9% during the second quarter. American Century Companies Inc. now owns 7,480,165 shares of the company's stock valued at $53,408,000 after purchasing an additional 2,972,293 shares during the period. Burgundy Asset Management Ltd. grew its holdings in Hillman Solutions by 18.0% during the second quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company's stock valued at $79,986,000 after purchasing an additional 1,712,688 shares during the period. Finally, Reinhart Partners LLC. grew its holdings in Hillman Solutions by 16.1% during the second quarter. Reinhart Partners LLC. now owns 10,053,219 shares of the company's stock valued at $71,780,000 after purchasing an additional 1,393,980 shares during the period. Hedge funds and other institutional investors own 98.11% of the company's stock.

About Hillman Solutions

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers.